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Home My WebLink AboutM-90-0840.W 4, r . .. .. - I.-- Coo era 'n. •1Y 23at Florida ousiu _ lfoz del Liudadano p/e " 900 S.W. 22 Ave. • Miami, Florida 331 j5 'reijph6ne;6b9;b7W Board of Directors Peter R. Bernal Honorary Chainnan Pedro P. Lebn Co -Chairman September 18, 1990 Maria V. L6pez Co -Chairman Mr. Cesar Od i o City Manager Carlos Rodriguez City of Miami Quesada Presideut Elsa Valiadares HAND DELIVERED PlAddo Debesa Vice -Presidents Angel GonzWez RE: Approval for disbursement of $300,000.00 block grant Semv=y from the City of Miami to Florida Housing Cooperative, Inc. Lisette Rodriguez vice -Secretary Agustin Reyes T easuaer Sergio Comoglio Dear M r . Od i o : V Treasurer ice With this letter our organization would like to request Thomas 'from" Borell that we be placed on the agenda for the City Commission Legal Advisor meeting to be held on October 11, 1990. We are making Alvarez & FernAndez, this request, after having been informed by Mr. Jeffrey P,A,C.P,A. Hepburn, Assistant Director, City of Miami's Office of Accounting -Advisor Development and Housing Conservation that all documenta— Josd tion needed to bring the matter before the board would by Accounting ingACalled ready by that date. Accounting Advisor George J. LGpez & Associates TheArchitmrdOffice Thank you very much for your attention to this matter. Sincerely yours, Carl Rguez Quesada Prot, Florida Housing Cooperative, Inc. :� 3-1 90- 840 A. • • erative, ors a ousinCooInc, ML --• 1� The Yo/ce of the Peow/e • La VOZ de/ Ciudadano .. 900 S.W. 22 Ave. • Miami, Florida 33135 • Telephone 649-9760 Board of Directors Peter R. Bernal Honorary Chairman Pedro PLe6° September 18, 1990 Co-Cbain= Jeffrey Hepburn Maria V.Upez Assistant Director Co-Chah=n City of Miami Carlos Rodriguez Development & Housing Quesada Conservation/Dupont Plaza Center President 300 Biscayne Boulevard Way Suite 401 Elsa Valladares Miami, Florida 33131 Placido Debesa Vice -Presidents RE: Florida Housing Cooperative, Inc. Angel Gonzalez Secretary Dear Mr. Hepburn: Lisette Rodriguez Vice -Secretary Enclosed you will find a breakdown of how we expect to AgustinReyes use the monies in the acquisition of the subject property. Treastuer As you well know there was a question regarding relocation Sergio Comoglio costs in order to comply with federal housing re- Vice-Tmasu= gulations. In the proposed breakdown $66,200.00 have been budgeted for relocation. After consulting with Thomas" fom"Borell housing experts from the National Association of Legal Advisor Cooperatives on whether section 24.404 (replacement Alvarez &Fernandez, housing of last resort) was applicable, it was de - PA., C.P.A. termined that it was not. Accou ing-Ao Accounting -Advisor JosdA.ti 211ejo The $66,200.00 allocated for such relocation was based Advisor Accounexpenses on the maximum per unit allowed under 24.402 plus moving per family as per the schedule. The building George J.Lbpez currently has 10 efficiency units and 2 units of one &Associates bedroom. (5,250.00 X 12 = 63,000.00 plus 250 x 10= 2,500 The ArChitenaal Office plus 350 x 2= 7 0 0) . We have estimated for each unit the maximum amount because the tenants were unwilling due to privacy reasons to disclose their incomes to us, despite the fact that the purpose for such a disclosure was amply explained. The amount allocated for such relocation may be placed in escrow by you or a special account be set up for the use of said monies as per your specifications. (continued) 90- 840 Board of Directors Peter R. Bernal Honorary Chairman Pedro P.1"n Co -Chairman Maria V. Up= Co -Chairman Carlos Rodriguez Quesada President Elsa Valladares Placido Debesa Vice-Presideras Angel Gonzalez Secretary Lisette Rodriguez Vice -Secretary Agustin Reyes Treasurer Sergio Comoglio Vice -Treasurer Thomas " fom" Borell Legal Advisor Alvarez & Fernandez, PA., C.PA. Accounting -Advisor Jost A. Callejo Accounting Advisor George J. Upez & Associates The Architewral Office Florida Housing Cooperative, Inc. me �lch,'Of the �ni •v uoreiG eeno 900 S.W. 22 Ave. • Miami, Florida 33135 • Telephone 649-9750 PAGE 2 Also, I am enclosing a copy of letter sent to us by the architect for the project, t1r. George J. Lopez, in— forming us of the time for construction. Thank you for your attention to this matter. Please inform us as to any other information you may need to close this matter. Sincerely yours, CAR S RODR QUESADA Pr sident, Flori ousing Cooperative, Inc. J 90- 840 10 1k Flon"daHousi"n oo era iveInc. _ Ttie Yoke of the Peop/e � La Yoz del Ciud�dano .. 900 S.W. 22 Ave. • Miami, Florida =135 • T•Isphon• 649-9750 Board of Directors Peter R. Bernai Pedro P. Wn Co-Chainnan Maria V. upez C Carlos Rodriguez Quesada Pmsidem Elsa Valladares Placido Debesa Yce-Preside= Angel Gonrilez Secretary Lisette Rodriguez Yce-Seactary BUDGET SUMMARY TOTAL AMOUNT OF MONIES GRANTED BY THE CITY OF MIAMI $300,000.00 DownPayment SEPARATE CLOSING COST ON PROPERTY Relocation cost Attorney's closing fees (1 1/2) of sales price Agustin Reyes Title Insurance Treuluer Inspection of Building Sergio Comoglio Vice-Treasum Closing costs Thomas,,rom„Boren (recording and fees on Legal Advisor mortgage) Alvarez & Fernandez, TOTAL PA., C.P.A. Accounting -Advisor Josd A. CaUejo Accounting Advisor George LApez & Assoc J. The Arehitewrai Office $220,680.00 $ 66,200.00 $ 7,500.00 $ 3,240.00 $ 880.00 $ 1,500.00 $300,000.00 I/ 90-- 840 The Architectural Office of George J. Lopez & Associates Mr. Carlos Rodriguez FLORIDA HCUSIM COOPERA=t lI3C. 900 S.W. 22nd Avenue Miami., Florida 33125 Dear Carlos: ' August 19, 1990 RE: Housing Project located at: West Flagler Street and 29th Avenue Muni, Florida As per your roquest, I have prepared a tentative schedule for FHC upon ng project at Flagler Street and Twenty -Ninth Avenue. I have assumed that funding will not be a limiting factor. The first step -.s to fully investigate all possible development alternatives including possible zoning variances and their possibilities for gavernmE:ntal acceptance. This planning stage is most critical, for it establishes all major parameters and goals. This task will take two weeks. Following is the design phase. This phase will determine the building's configuration, square footage and preliminary budget. At this tine, the project will be reviewed by zoning officials for approval or, if variances . are needed the departmyye�nt�,,will ,Lmake its bons to the ccnmissioners. This phase will take ht-ee Weeks. If variances are required six -months or more would be needed since the variance process is highly unpredictable and RE will have to make at this time the decision if the delay is in the best interest of the project. Design development is next. It will take three weeks and sinctiultaneously, the process for pennnent financing should cammence. It will take approxima- tely ten weeks to get a banking approval. Construction d --meats can be completed within four weeks and placed in the building department for F:zsmits. The docents will. be reviewed by the building department and cor_-ections made. This will take five weeks. The project will then be bidded out to the General Contractor in order that = s xuction can Commence right after permit approval. Ccnstructicn of t n building should take approadMt;sly thirty-six weeks. The total time to cLoplati oa of the project is fifty-six weeks. Let me note that this time could be compressed if the project is executed in a "fast track fashion" but this will require that t'ie funding for construction be in place after the design prase. S 90-W 840 't 0 Mr. Carlos Rodriguez Quesada 2 FMMA HOi1SING INC. Contuiued I have included a bar -graph of the schedule. If you need any i further infomatim or clarification please cab not hesitate to call. me. 1 S y, J IApez, Architect GJL:mel cc: files 90- 840 • fIROJE T 'Sc ULE - FOIZ PLOQ1DD -iio eHC, cd(3PEt2ST1� • �PREP�.tZEp BY 114E of �EcQr� J. LCPVZ ANn ASS 1b-rr-S I AOCjUST _I91 I-igD AMA • $lo►2 C%MIA P" • LECjEKP of 'ThSK �►. PLAMK►NCI $. DEcb►c,N G. OESI CiK OEVELOPMEt-1 j V. FINxHGIHcj cDNSi P-uc-Tl O H DOc U t" IE.HTS �, pER.h-117T 2EY1EW q. slop I H c1 t-,. ccHSTE.ucT to M J. Arc EPTNK cE OF HUU-P I M 5 • NOTE : ?+1E VJ%21�6Nce FT-OCMS'S WAS OtALTMP CLUE TO PSEING OPT10H4L- ArT TAIL-5 TlNlF- 90- 840